A Systematic Investment Plan (SIP) is a strategy of investment ideal for those with a slightly high risk-appetite. It allows individuals to invest a fixed amount regularly, typically monthly, quarterly, or annually, so they may indulge in disciplined investments.. SIPs are known to help build a substantial corpus over time by allowing investors to stay consistent with their investments, with scope for review and revision.
SIPs are known to enable investors to purchase units of a scheme at regular intervals, which helps in averaging the cost of investment and mitigating market volatility. It encourages discipline around saving and investing, making it an ideal choice for long-term wealth creation. SIPs are a popular choice among investors due to their flexibility, affordability, and the potential for significant returns through the power of compounding.